Innovator Equity Autocallable Income Strategy ETF (ACEI) — Stock Correlations & Overview
Over the past year, ACEI has moved most closely with QBIG, QQUP, MAGS. Explore the stocks most correlated and inversely correlated with ACEI below, along with its price, financials, and company profile.
Stocks correlated with ACEI
Correlation of daily returns. Higher positive values move with ACEI; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACEI
| Symbol | Company | Correlation |
|---|---|---|
| QBIG | Invesco Top QQQ ETF | 0.60 |
| QQUP | ProShares Trust ProShares Ultra QQQ Mega | 0.60 |
| MAGS | Roundhill Magnificent Seven ETF | 0.58 |
| MGK | Vanguard Morningstar Mega Cap Growth ETF | 0.58 |
| MAGX | Roundhill Daily 2X Long Magnificent Seven ETF | 0.58 |
Most inversely correlated with ACEI
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.59 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.58 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.56 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.55 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.55 |
Frequently asked questions about ACEI correlations
- Which stocks are most correlated with ACEI?
- Based on one year of daily returns, the stocks most correlated with Innovator Equity Autocallable Income Strategy ETF (ACEI) are QBIG (0.60), QQUP (0.60) and MAGS (0.58). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ACEI?
- Over the past year, the stocks most inversely correlated with Innovator Equity Autocallable Income Strategy ETF (ACEI) are QQDN (-0.59), QQQD (-0.58) and FNGD (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ACEI correlations calculated?
- We compute the correlation of daily returns between ACEI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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